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Nvidia GPUs Supply to South Korea Confirmed Despite CEO Resignation
South Korea's science minister confirmed on Friday that Nvidia Corp. will supply up to 260,000 graphics processing units (GPUs) to the country, a commitment that remains on schedule despite the resignation of CEO Jensen Huang. The minister stated that the U.S. tech giant has confirmed the planned deployment in partnership with South Korean companies. The government convened an emergency meeting on Friday to discuss the ramifications of the Nvidia crisis on the nation's AI industry. Yonhap reports that Nvidia's forward price-to-earnings ratio has fallen to around 12 times, its lowest level in 14 years, following the CEO's abrupt resignation.
- Nvidia confirms planned supply of GPUs to S. Korea despite Huang's resignation: science minister
- Gov’t Holds Emergency Meeting on Ramifications of Nvidia Crisis
- Nvidia confirms planned supply of GPUs to S. Korea despite Jensen Huang's resignation: science minister
- Nvidia’s Forward P/E Hits 14-Year Low as Huang’s Exit Sends Shares Tumbling
